Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

khamore1

Do You Believe the Report on Chase’s Loss?

Recommended Posts

Do you believe the report on chase’s loss?

 

Somehow my guts feeling telling me that they have even a bigger loss but I don’t believe a word that this loss was caused by a legit bad trade, I believe they did something illegal and trying to hide behind the story of a bad trade if this loss happened on 2008/2009 I would believe that but now?...while the market is stable and one timeframe up?......No way

 

Don’t be surprised if you hear a chase manager disappear or die all of a sudden from a heart attack….

Share this post


Link to post
Share on other sites

yes I do believe it. Losses can occur in stable markets, I also think that they will have more losses to come.

It is probably exactly as they say that happened. ie; we used more leverage than before, traded bigger than before, were sloppy, thought we had enough risk controls to trade bigger than before and what the hell we will get bailed out....we learnt nothing and arrogantly thought we knew better

Basically they f...d up

 

I think this article covers most of it

 

JPMorgan Chase discloses $2-billion trading loss - latimes.com

 

so no I dont believe in the conspiracy theory, but each to their own.

Share this post


Link to post
Share on other sites

Fed policy is such that it encourages aggressive trading in US banks. The fed lobbied in favor of banks being allowed to continue trading derivatives in the OTC markets when Dodd Frank was being drafted. The Fed contends that US banks need to be able to take risks in these markets to be able to be competitive with other global banks.

 

Something like that.

Share this post


Link to post
Share on other sites
Do you believe the report on chase’s loss?

 

Somehow my guts feeling telling me that they have even a bigger loss but I don’t believe a word that this loss was caused by a legit bad trade, I believe they did something illegal and trying to hide behind the story of a bad trade if this loss happened on 2008/2009 I would believe that but now?...while the market is stable and one timeframe up?......No way

 

Don’t be surprised if you hear a chase manager disappear or die all of a sudden from a heart attack….

 

Well, I hate to tell you but I told you so…stage one complete now we are looking who will be in jail

Chase.png.eb3d939127a1f6da2b1d36998de2bc70.png

Share this post


Link to post
Share on other sites

why jail.....so far it seems that they were trading and lost money.....and it was always likely to be bigger than first reported.

Has there been issues of criminal behavior?

If they have not done anything about MF Global which stole money from customer accounts do you think they will do anything here?

Share this post


Link to post
Share on other sites

It is getting closer and closer to my prediction

 

JPMorgan disclosed possible misconduct to feds ahead of earnings

6:08pm EDT

NEW YORK - In a matter of days, the two-month-old criminal investigation into a $5.8 billion trading loss at JPMorgan Chase & Co. -- known as the "London Whale" blunder -- was transformed from dormant to potentially explosive.

Share this post


Link to post
Share on other sites
Well, I hate to tell you but I told you so…stage one complete now we are looking who will be in jail

 

From what I've heard... the loss was just that... a huge F****** loss.

 

Think about it....if they had done something illegal.... wouldn't it be to like... oh, I don't know... NOT lose???

 

No one cheats to get themselves snookered by 9 billion. And besides, I heard about the trader MONTHS ago on the newsfeeds and other financial sites I check out. Was referred to as the "London Whale". In fact, it was known by the trading community before even JP MORGAN realized the situation that he was basically just a fool who was totally out of control.

 

He had been offsetting such large, sophisticated positions over the past few years in many markets, but for the last 2 years, he was profitable. immensely so (to the tune of hundereds of millions in profits that his trading personally generated). So, JPM felt to open up the floodgates this year and give Bruno and others access to more funds to do what he did best = use a hundreds of millions to make a hundered million. He had held positions into the billions before, and had come out smelling like a rose and making over $100 million last year doing it. (or was it $80 million. no matter. a LOT of money)

 

So he, AND JPM, thought they were hot stuff. Thought they knew something. Thought they could beat the market.

 

No... maybe poor oversight, or maybe even some fraud with not disclosing the loss earlier (thought they may not have been able to know how big it actually would be, due to his positions being so complex)... but no fraud in losing the money.

 

Just another couple traders who thought they could beat the market, and forgot to respect risk while doing so. Rookie mistake TBH. Only difference between most guys on this forum, and Bruno/JPM, is the number of zero's behind their losses. Nothing more, nothing less.

 

TraderX

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Why not to simply connect you account to myfxbook which will collect all this data automatically for you? The process you described looks tedious and a bit obsolete but may work for you though.
    • The big breakthrough with AI right now is “natural language computing.”   Meaning, you can speak in natural language to a computer and it can go through huge data sets, make sense out of them, and speak back to you in natural language.   That alone is a huge breakthrough.   The next leg? AI agents. Where they don’t just speak back to you.   They take action. Here’s the definition I like best: an AI agent is an autonomous system that uses tools, memory, and context to accomplish goals that require multiple steps.   Everything from simple tasks (analyzing web traffic) to more complex goals (building executive briefings or optimizing websites).   They can:   > Reason across multiple steps.   >Use tools like a real assistant (Excel spreadsheets, budgeting apps, search engines, etc.)   > Remember things.   And AI agents are not islands. They talk to other agents.   They can collaborate. Specialized agents that excel at narrow tasks can communicate and amplify one another’s strengths—whether it’s reasoning, data processing, or real-time monitoring.   What it Looks Like You wake up one morning, drink your coffee, and tell your AI agent, “I need to save $500 a month.”   It gets to work.   First, it finds all your recurring subscriptions. Turns out you’re paying $8.99 for a streaming service you forgot you had.   It cancels it. Then it calls your internet provider, negotiates a lower bill, and saves you another $40. Finally, it finds you car insurance that’s $200 cheaper per year.   What used to take you hours—digging through statements, talking to customer service reps on hold for an hour, comparing plans—is done while you’re scrolling Twitter.   Another example: one agent tracks your home maintenance needs and gets information from a local weather-monitoring agent. Result: "Rain forecast next week - should we schedule gutter cleaning now?"   Another: an AI agent will plan your vacations (“Book me a week in Italy for under $2,000”), find the cheapest flights, and sort out hotels with a view.   It’ll remind you to pay bills, schedule doctor’s appointments, and track expenses so you’re not wondering where your paycheck went every month.   The old world gave you tools—Excel spreadsheets, search engines, budgeting apps. The new world gives you agents who do the work for you.   Don’t Get Too Scared (or Excited) Yet William Gibson famously said: "The future is already here – it's just not evenly distributed."   AI agents will distribute it. For decades, the tools that billionaires and corporations used to get ahead—personal assistants, financial advisors, lawyers—were out of reach for regular people.   AI agents could change that.   BUT, remember…   We’re in inning one.   AI agents have a ways to go.   They’re imperfect. They mess up. They need more defenses to get ready for prime time.   To be sure, AI is powerful, but it’s not a miracle worker. It’s great at helping humans solve problems, but it’s not going to replace all jobs overnight.   Instead of fearing AI, think of it as a tool to A.] save you time on boring stuff and B.] amplify what you’re already good at. Right now is the BEST time to start experimenting. It’s also the best time to find investments that will “make AI work for you”. Author: Chris Campbell (AltucherConfidential)   Profits from free accurate cryptos signals: https://www.predictmag.com/     
    • What a wild year.   AI seems to be appearing everywhere you look, Paris hosted a weird Olympics, unrest continues in the Middle East, the US endured a crazy-heated election, and the largest rocket ever to fly successfully landed in a giant pair of robot arms.   Okay, but what about the $money stuff?   Well, this year we've seen a load of uncertainty - inflation is still biting and many businesses have gone down.   Property has been very fractured, with developments becoming prohibitively expensive, while other markets have boomed.   It hasn't been an easy ride, that's for sure.   However, the stock market has had some outstanding results, and for those who know how to trade, some have done VERY well for themselves.   Some have replaced their incomes. Some have set themselves up for the rest of their days on this planet.   How about you? How did you go? Author: Louise Bedford    Profits from free accurate cryptos signals: https://www.predictmag.com/  
    • U Unity Software stock watch, attempting to move higher off the 22.4 triple+ support area at https://stockconsultant.com/?U  
    • TSSI TSS stock, watch for an ascending triangle breakout above 11.49, target 15 area at https://stockconsultant.com/?TSSI
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.